NewRiver REIT (LON:NRR) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

NewRiver REIT plc (LON:NRR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 72.39 and traded as low as GBX 71.40. NewRiver REIT shares last traded at GBX 74.80, with a volume of 679,005 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on NRR. Berenberg Bank dropped their price objective on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 96 target price on shares of NewRiver REIT in a research report on Friday, April 17th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 98.

NewRiver REIT Stock Performance

The firm has a market cap of £325.99 million, a PE ratio of 11.13, a P/E/G ratio of -3.14 and a beta of 0.62. The firm has a 50-day moving average price of GBX 73.99 and a two-hundred day moving average price of GBX 72.39. The company has a quick ratio of 3.00, a current ratio of 1.94 and a debt-to-equity ratio of 113.22.

About NewRiver REIT

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.